| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Good |
| Demographics | 41st | Poor |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4110 Faith Rd, Wichita Falls, TX, 76308, US |
| Region / Metro | Wichita Falls |
| Year of Construction | 1985 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4110 Faith Rd Wichita Falls Multifamily Investment
Stabilized renter demand and everyday conveniences position this 20-unit asset for consistent operations, according to WDSuite’s CRE market data. Neighborhood occupancy trends and an above-median renter concentration support steady leasing and retention.
Located in an inner-suburban pocket of Wichita Falls, the property benefits from everyday retail access and a tenant base oriented toward convenience. Neighborhood occupancy is competitive among 58 metro neighborhoods, and the share of renter-occupied housing units is elevated, indicating a deeper pool of prospective tenants and support for lease-up and renewals.
Daily-needs access is a relative strength: grocery and pharmacy density rank near the top of the metro (3rd of 58 in both categories), which helps sustain appeal for workforce renters. Restaurant options also score well (5th of 58), while cafes, parks, and childcare options are comparatively limited in the immediate area—factors to consider when positioning amenities and marketing.
School quality averages around 3.0 out of 5 and sits in the top quartile among 58 metro neighborhoods, offering a balanced draw for households. Median contract rents in the neighborhood are moderate and have trended upward over five years, while the rent-to-income ratio remains manageable—an important signal for pricing power and renewal strategy based on WDSuite’s multifamily property research.
Within a 3-mile radius, population and household counts have grown over the past five years, with forecasts calling for further population growth and a meaningful increase in households. A smaller average household size over time suggests more individual households entering the market, which can expand the renter pool and support occupancy stability.
Vintage context: built in 1985 versus a neighborhood average year of 1976. Being newer than much of the local stock can enhance competitive positioning, while investors should still plan for system updates and targeted renovations to keep finishes and mechanicals market-relevant.
Safety indicators are mixed but improving. The neighborhood’s crime rank places it around the metro midpoint among 58 Wichita Falls neighborhoods, and national comparisons land near the middle of the pack. However, violent offense rates have moved down notably year over year, placing recent improvement trends in a stronger national percentile. Investors can frame this as stable-to-improving conditions when underwriting retention and insurance assumptions, while monitoring ongoing trends at the neighborhood level.
The local employment base is diversified, with nearby manufacturing and building materials supporting steady renter demand and commute convenience for workforce tenants. The list below highlights a proximate corporate presence relevant to the property’s renter profile.
- Owens Corning — building materials (5.4 miles)
This 1985-vintage, 20-unit property sits in an inner-suburban neighborhood with competitive occupancy, strong daily-needs retail access, and an elevated share of renter-occupied units. Grocery and pharmacy density rank near the top of the Wichita Falls metro, reinforcing convenience-sensitive demand and supporting leasing stability. Directionally, neighborhood rents have risen while rent-to-income remains manageable, aiding renewal capture without overextending affordability.
Within a 3-mile radius, population and households have grown and are projected to expand further, pointing to a larger tenant base over time. According to CRE market data from WDSuite, the area’s recent improvement in violent-offense trends and the property’s relatively newer vintage versus local stock can help sustain competitiveness; still, investors should budget for aging systems and selective upgrades to protect NOI.
- Competitive neighborhood occupancy with elevated renter-occupied share supports demand depth
- Strong daily-needs access (top-ranked grocery/pharmacy density) underpins retention and leasing
- Directional rent growth with manageable rent-to-income ratio aids pricing power
- 1985 vintage is newer than neighborhood average, with targeted value-add and systems planning
- Risks: limited nearby parks/cafes, mixed but improving safety metrics, and capex for aging components